I have a new commentary posted at Reason Online looking at how Sen. Dodd's new Agency for Financial Stability would be the financial equivalent for the FBI seeking to take down La Cosa Nostra:
Perhaps Senate Banking Committee Chairman Chris Dodd (D-Conn.) thinks of himself as a modern day John Sherman. [...]But is it clear-cutting or merely pruning?
PERHAPS you've heard that the British government is taking steps to chop up its banking industry. What's that all about? The Economist explains:At the height of the banking crisis, restoring financial stability was paramount for the British government. Worries about limiting the [...]
Nice job calling out them weasels and the clowns.
Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg’s Matt Miller and Carol Massar about proposed U.S. financial stability legislation. Banks, hedge funds and other financial firms that hold more than $10 billion in assets would pay to rescue [...]
